Perkins Capital Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

Perkins Capital Management Inc is a well-known investment management firm that closely monitors and adjusts its fund holdings based on market trends and performance. In this article, we will analyze the changes in their holdings between the first quarter (Q1) of 2023 and the second quarter (Q2) of 2023 as reported in their 13F filings. These filings provide invaluable insights into the buying and selling activities of institutional investors.

During Q1 2023, Perkins Capital Management Inc held a significant number of shares in several companies. One notable holding was in AUGMEDIX INC (AUGX), where their holdings decreased from 1,636,843 shares to 1,540,993 shares, representing a decrease of 5.9%. However, the value of their holdings in AUGX increased from $2,848,000 to $7,412,000, reflecting a substantial increase of 160.3%. This indicates that Perkins Capital Management Inc believes in the long-term growth potential of AUGX, despite reducing their position.

Another major holding for Perkins Capital Management Inc was LILY ELI & CO (LLY). Although their holdings only decreased slightly from 13,141 shares to 13,041 shares, the value of their holdings increased from $4,513,000 to $6,116,000, indicating a positive sentiment towards the company. The percentage change in holdings for LLY was negligible at -0.8%.

MICROSOFT CORP (MSFT) was another prominent holding for Perkins Capital Management Inc. Their holdings remained unchanged at 15,326 shares, but the value of their holdings increased from $4,418,000 to $5,219,000, representing an 18.1% increase in value. This suggests that Perkins Capital Management Inc has confidence in the future growth prospects of MSFT.

On the other hand, there were some holdings where Perkins Capital Management Inc reduced their positions. For example, in NEOGENOMICS INC (NEO), their holdings decreased from 197,000 shares to 196,500 shares, a minor decrease of 0.3%. The value of their holdings also decreased from $3,430,000 to $3,158,000, indicating a decrease of 7.9%. This reduction in holdings suggests that Perkins Capital Management Inc may have adjusted their strategy for NEO.

Despite some reductions, Perkins Capital Management Inc also made some notable additions to their holdings. One such example is ALPHATEC HLDGS INC (ATEC), where their holdings increased from 180,767 shares to 174,117 shares, a substantial increase of 4%. The value of their holdings in ATEC also increased from $2,820,000 to $3,131,000, reflecting an 11% increase. This suggests that Perkins Capital Management Inc sees potential in the future growth of ATEC.

In conclusion, the Q1 2023 vs. Q2 2023 13F holdings comparison for Perkins Capital Management Inc provides valuable insights into their investment strategy and sentiment towards specific stocks. While they made some reductions in certain holdings, they also increased their positions in other companies. It is crucial for investors to track these changes to gain a better understanding of the investment decisions made by experienced fund managers like Perkins Capital Management Inc.